Chefs’ Warehouse (NASDAQ:CHEF) Reaches New 52-Week High – Should You Buy?

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $44.86 and last traded at $44.76, with a volume of 100658 shares traded. The stock had previously closed at $43.86.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. BMO Capital Markets raised their target price on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their target price on Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Chefs’ Warehouse presently has an average rating of “Moderate Buy” and an average price target of $50.50.

Chefs’ Warehouse Trading Up 1.6 %

The company has a 50-day simple moving average of $40.93 and a 200-day simple moving average of $40.07. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85. The stock has a market cap of $1.76 billion, a P/E ratio of 38.47 and a beta of 2.33.

Institutional Investors Weigh In On Chefs’ Warehouse

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Chefs’ Warehouse by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,289,696 shares of the company’s stock worth $50,440,000 after acquiring an additional 14,209 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Chefs’ Warehouse by 3.1% during the third quarter. Wellington Management Group LLP now owns 834,386 shares of the company’s stock worth $35,053,000 after purchasing an additional 24,987 shares during the period. Silvercrest Asset Management Group LLC grew its stake in shares of Chefs’ Warehouse by 0.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 553,791 shares of the company’s stock worth $20,856,000 after purchasing an additional 2,454 shares during the period. Victory Capital Management Inc. grew its stake in shares of Chefs’ Warehouse by 1.2% during the third quarter. Victory Capital Management Inc. now owns 502,415 shares of the company’s stock worth $21,106,000 after purchasing an additional 6,070 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Chefs’ Warehouse by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 455,092 shares of the company’s stock worth $19,118,000 after purchasing an additional 3,739 shares during the period. Institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Company Profile

The Chefs’ Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company’s product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.